Analysts Anticipate Bed Bath & Beyond Inc. (NASDAQ:BBBY) Will Announce Earnings of $0.02 Per Share

Analysts forecast that Bed Bath & Beyond Inc. (NASDAQ:BBBY – Get Rating) will announce earnings per share of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Bed Bath & Beyond’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.10. Bed Bath & Beyond posted earnings per share of $0.05 in the same quarter last year, which would indicate a negative year over year growth rate of 60%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from ($0.08) to $1.36. For the next financial year, analysts expect that the company will report earnings of $1.13 per share, with EPS estimates ranging from $0.61 to $1.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last posted its earnings results on Wednesday, April 13th. The retailer reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.95). The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Bed Bath & Beyond had a negative return on equity of 14.09% and a negative net margin of 7.11%. The business’s revenue was down 21.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS.

BBBY has been the subject of a number of research reports. UBS Group cut their price target on shares of Bed Bath & Beyond from $20.00 to $13.00 and set a “sell” rating for the company in a research note on Tuesday, January 4th. KeyCorp cut their price target on shares of Bed Bath & Beyond from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, January 5th. Robert W. Baird cut their price target on shares of Bed Bath & Beyond from $22.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, January 7th. B. Riley boosted their price target on shares of Bed Bath & Beyond from $19.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, March 28th. Finally, Loop Capital cut their price target on shares of Bed Bath & Beyond from $14.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, January 7th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.50.

In other news, COO John R. Hartmann purchased 6,667 shares of the stock in a transaction that occurred on Tuesday, January 18th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $100,005.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Karp Capital Management Corp bought a new stake in Bed Bath & Beyond during the 1st quarter valued at $223,000. Norges Bank bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $2,902,000. Cornerstone Advisory LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $353,000. Virtu Financial LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $367,000. Finally, State of Tennessee Treasury Department raised its holdings in Bed Bath & Beyond by 5.3% in the 4th quarter. State of Tennessee Treasury Department now owns 61,464 shares of the retailer’s stock worth $896,000 after purchasing an additional 3,116 shares in the last quarter.

Bed Bath & Beyond stock opened at $17.33 on Friday. The firm’s 50 day simple moving average is $19.32 and its 200 day simple moving average is $17.64. The company has a current ratio of 1.14, a quick ratio of 0.47 and a debt-to-equity ratio of 6.77. The firm has a market capitalization of $1.67 billion, a PE ratio of -3.00 and a beta of 1.59. Bed Bath & Beyond has a 1-year low of $12.39 and a 1-year high of $44.51.

About Bed Bath & Beyond (Get Rating)

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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